Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bahrain National Holding Company B.S.C

Market Cap: ب.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Namibia Breweries

Market Cap: R6.6b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Southern Michigan Bancorp

Market Cap: US$118.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and government agencies primarily in the southwest and south-central Michigan communities.

First Bancorp

Market Cap: US$330.7m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Zimbabwe Stock Exchange Holdings

Market Cap: US$122.7m

Operates as a securities exchange.

Banque Nationale Agricole Société anonyme

Market Cap: د.ت964.7m

Provides various banking products and services in Tunisia.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Anbio Biotechnology

Market Cap: US$1.2b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

Soma Gold

Market Cap: CA$210.8m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

First Northern Community Bancorp

Market Cap: US$253.9m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$73.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

Telekom Networks Malawi

Market Cap: MK 352.9b

Provides telecommunication services to enterprises and individual customers in Malawi.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Union Bankshares

Market Cap: US$112.7m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

First National Bank of Botswana

Market Cap: P14.4b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Procimmo Group

Market Cap: CHF 432.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Bank of Africa Mali

Market Cap: XOF 127.1b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.5b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

Grendene

Market Cap: R$4.4b

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa.

Chilanga Cement

Market Cap: K14.7b

Engages in the manufacture and sale of cement products in Zambia.

HOMAG Group

Market Cap: €401.6m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 612.3b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 90.4b

Processes heavy bitumen crude in Africa.

Itafos

Market Cap: CA$734.3m

Produces and sells phosphate and specialty fertilizers in the United States, Brazil, and Guinea-Bissau.

Ceylinco Holdings

Market Cap: LK₨72.9b

Ceylinco Holdings PLC underwrites various classes of general and life insurance products primarily in Sri Lanka.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Saha-Union

Market Cap: ฿7.9b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

Mangold Fondkommission

Market Cap: SEK 932.3m

Provides financial services to companies, institutions, and private individuals in Sweden.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals services in South America, Central America, and North America.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Corporación Financiera Colombiana

Market Cap: Col$6.1t

Operates as a private financial institution in Columbia and Central America.